Packer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020
Jun 11, 2015, 05:00 ET
NEW YORK, June 11, 2015 /PRNewswire/ -- Casing and tubing are crucial parts of the well construction process. A casing is a pipe inserted into a drilled section of a borehole to ensure stability and support the sides of the well from caving in. Casing also prevents water contamination and controls well pressure during the drilling process. Production tubing on the other hand, is a pipe that provides a passage through which production fluids (mixture of oil gas and water) can pass. Packer is a type of sealing device or flexible tool used to isolate and contain production fluids and pressure within the wellbore. It is made of an elastomeric material and placed just above the producing zone. The packer protects the casing and other important formations above and below the producing zone. It is designed to expand and grip the wall of the casing and form a seal between the inside of the casing and the outside of the tubing.
There are two categories of packers, namely permanent packers and retrievable packers. A permanent packer can only be removed from a wellbore through milling. This type is fairly simple in nature and offers better performance than retrievable packers in operating conditions with extreme temperature and pressure. As the name suggests, a retrievable packer can be removed after the drilling operation, when the tubing is extracted from the wellbore. Complexity of retrievable packers depends on its application (it can be highly complex for a high pressure and high temperature application or fairy simple for a low pressure and low temperature application). Retrievable packers generally cost more than permanent packers due to the complexity of their design.
The research study analyzes the market size of packers in terms of revenue (USD Million). The global packer market has been segmented on the basis of product and geography. Market data has been provided on the regional level, segmented as North America, Europe, Asia Pacific, and Rest of the World (RoW) from 2012 to 2020. Rest of the World segment includes Europe, South America, the Middle East and Africa. The report features a detailed regional segmentation along with growth forecast for the period from 2014 to 2020. Projections have been included for revenue growth of the permanent and retrievable segments for the geographies considered under the purview of this report.
The report on the global packer market includes market drivers, market restraints, and market opportunities and their impact on the revenue growth of the market during the forecast period. Market drivers, restraints and opportunities for the packer market are developed after a thorough study of historical and current trends in the oil and gas industry. A comprehensive competitive landscape including the company market share analysis and market attractiveness analysis has been provided in this report. The report also includes a detailed analysis of various factors influencing the global packer market with the help of Porter's Five Forces analysis. The analysis helps us to understand the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition in the global packer market. The study also covers the value chain of the global packer market, which includes key raw material and component providers, manufacturers, distributors and end users of packers. Moreover, the study comprises market attractiveness analysis, wherein product type and geographies are benchmarked based on the market size, market growth and general attractiveness.
Key participants in the global packer market include Schlumberger Limited, Weatherford International Limited, Baker Hughes Incorporated, Halliburton Company, TIW Corporation, Team Oil Tools Inc., Map Oil Tools, Inc., Tryton Tool Services and Logan Completion System. This report provides the companies' overview, financial revenues (on availability), business strategies and recent developments.
The global packer market is segmented as follows:
Global Packer Market: Product Segment
Global Packer Market: Regional Analysis
Rest of the World (RoW)
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